|
Vibrant and spirited city of Berkeley is located on the east shore of San Francisco Bay in California. This city lies within the perimeter of Alameda County of California. It is surrounded by the Oakland and Emeryville of California to the south, Albany and Kensington to the north, while the eastern city limits is adjoining to the borders of Contra Costa County and ridgeline of Berkeley Hills.
Some of the world famous educational institutions like University of California, the Lawrence Berkeley National Laboratory, Lawrence Hall of Science, Space Sciences Laboratory, Mathematical Sciences Research Institute are situated in Berkeley, making it an important educational center.
Not just education, Berkeley is blest in the areas of arts and culture. The city has beautiful geographical landscapes, pleasant weather and many outlets for dining, shopping and recreation. Favorable economic climate has brought people of different cultures and tastes into the city to make it their place of stay. Berkeley has a population of about 100,000 people.
It is essential for borrowers to shop around for mortgage lenders in Berkeley to get good deals. Lenders here have mortgages that are quite affordable. Reputed mortgage lenders offer high quality services and have many mortgage offerings like debt consolidation, home equity loans, reverse mortgages, zero closing costs refinance etc.
Some of the main mortgage lenders in Berkeley are F E Forbes Company, Financial Strategies Group, Wells Fargo Home Mortgage, Residential First Mortgage, Mission Hills Mortgage, Metrociti Mortgage Corp. etc.
Following important points are something for you to check out before you sign up a mortgage agreement with any mortgage lender:
- Lender's requirement for a down payment
- Interest rates that the lender is going to charge you.
- Any special discount programs that the lender may have for you.
- Whether if your loans require a private mortgage insurance.
- Check the annual percentage rate (APR) of the mortgage that you wish avail. Besides interest rates, the APR of mortgage loans include brokers' fees, points and other credit charges.
Like all other mortgage lenders, the ones in Berkeley too assess borrowers' credit history in order to determine the risk factor for lending money and to calculate the interest rates based on this risk factor. Lastly, as a buyer, you should ask your lender about the breakdown of your monthly mortgage payment. This will tell you what component of your monthly installment will go towards the loan interest account and what component is for repaying your loan principal.
Berkeley is an attractive place to live in. There are gardens, parks, jewelry or sports gear shops, golf courses, yoga centers and movie theaters sprawled all around the city. You can take a stroll through the lush verdant ambiance of Regional Parks Botanic Garden, University of California Botanical Garden, Berkeley Rose Garden and soothe your eyes with the abundance of beautiful botanical plants and flowers. You can also enjoy live music performances of leading native Berkeley groups at various places in the city. If nothing, you can give a sumptuous treat to your taste buds with various cheese based foods at any of the cheese shops, bakeries and pizzerias of the Cheese Board.
City of Berkeley Website |
